![TOLA, 2020 does not affect Sanction Powers for Income Tax Reassessment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Income-Tax-Reassessment-Income-Tax-TOLA-Taxscan.jpg "TOLA, 2020 does not affect Sanction Powers for Income Tax Reassessment: Delhi HC [Read Order]")
TOLA, 2020 does not affect Sanction Powers for Income Tax Reassessment: Delhi HC [Read Order]
In a recent ruling of Delhi High Court it cleared that the Taxation and Other Laws [ TOLA ( Relaxation and Amendment of Certain Provisions ) Act,...
![ITAT Remands Case to AO for Fresh Examination of Registration Status u/s 12AA and Applicability of Sections 11 and 12 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Jodpur-Income-tax-act-SectionComprehensive-Guide-of-Law-and-Procedure-for-Filing-of-Income-Tax-Appeals-Click-Here-11-of-Income-Tax-Act-Section-12AA-of-Income-Tax-Act-taxscan.jpg "ITAT Remands Case to AO for Fresh Examination of Registration Status u/s 12AA and Applicability of Sections 11 and 12 of Income Tax Act [Read Order]")
![Agriculturist not having Legal Awareness fails to file Appeal before CIT(A): ITAT Condones 725 days Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Agriculturist-Legal-Awareness-fails-file-Appeal-before-CITA-ITAT-Condones-725-days-Delay-taxscan.jpg "Agriculturist not having Legal Awareness fails to file Appeal before CIT(A): ITAT Condones 725 days Delay [Read Order]")
![Relief to Adani Wilmar: Notional Guarantee Income Increasing Investment Cost cannot be Treated as Actual Income, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Relief-to-Adani-Wilmar-Notional-Guarantee-Income-Increasing-Investment-Cost-Treated-Actual-Income-ITAT-taxscan.jpg "Relief to Adani Wilmar: Notional Guarantee Income Increasing Investment Cost cannot be Treated as Actual Income, Rules ITAT [Read Order]")
Three Hearings within 2 Months by CIT(A): ITAT Remands Ex-Parte decisions for Natural Justice Violation [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) SMC-'A' Bench, Bangalore, remanded an ex-parte decision passed by the Commissioner of Income Tax (Appeals) [CIT(A)] back for...
![Three Hearings within 2 Months by CIT(A): ITAT Remands Ex-Parte decisions for Natural Justice Violation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-Commissioner-of-Income-Tax-Ex-Parte-Decisions-Natural-Justice-Violation-taxscan.jpg "Three Hearings within 2 Months by CIT(A): ITAT Remands Ex-Parte decisions for Natural Justice Violation [Read Order]")
COVID-19 prevented Assessee from complying with Income Tax Notices: ITAT quashes Penalty u/s 272A(1)(d) [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Pune Bench recently quashed a penalty under Section 272A(1)(d) of the Income Tax Act, 1961, citing COVID-19 as a valid reason for non-compliance with...
![COVID-19 prevented Assessee from complying with Income Tax Notices: ITAT quashes Penalty u/s 272A(1)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Pune-Income-tax-COVID-19-Income-Tax-Notice-Section-272A1d-of-Income-Tax-Act-taxscan.jpg "COVID-19 prevented Assessee from complying with Income Tax Notices: ITAT quashes Penalty u/s 272A(1)(d) [Read Order]")
Explanation Inserted to S. 14A of Income Tax Act vide Finance Act, 2022 Applicable Prospectively: Gauhati HC [Read Order]
The Gauhati High Court, in a recent case has held that the explanation inserted to Section 14A of the Income Tax Act, 1961 vide Finance Act, 2022 is applicable prospectively. Further held...
![Explanation Inserted to S. 14A of Income Tax Act vide Finance Act, 2022 Applicable Prospectively: Gauhati HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Gauhati-HC-Gauhati-High-Court-Finance-Act-Section-14A-of-the-Income-Tax-Act-Explanation-inserted-2022-Applicable-Prospectively-High-Court-News-taxscan.jpg "Explanation Inserted to S. 14A of Income Tax Act vide Finance Act, 2022 Applicable Prospectively: Gauhati HC [Read Order]")
Issue on Acceptance of Additional Evidence against Addition u/s 68 of the Income Tax Act: Kerala HC posts Disposal October 21 [Read Order]
In a recent case on the issue of validity of additional evidence against addition made under section 68 of the Income Tax Act, 1961, the Kerala High Court posted the matter for disposal on...
![Issue on Acceptance of Additional Evidence against Addition u/s 68 of the Income Tax Act: Kerala HC posts Disposal October 21 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Kerala-High-Court-Kerala-HC-Income-tax-Additional-Evidence-Section-68-of-Income-Tax-Act-taxscan.jpg "Issue on Acceptance of Additional Evidence against Addition u/s 68 of the Income Tax Act: Kerala HC posts Disposal October 21 [Read Order]")
Six-Day Period to Furnish Reply Instead of Seven as per Income Tax Act: Karnataka HC Quashes Reassessment Notice and Demand [Read Order]
The Karnataka High Court quashed a reassessment notice issued to Massood Gulam by the Income Tax Officer ( ITO ), due to non-compliance with the statutory requirement of providing a minimum of seven...
![Six-Day Period to Furnish Reply Instead of Seven as per Income Tax Act: Karnataka HC Quashes Reassessment Notice and Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Karnataka-High-Court-Income-Tax-Act-Reassessment-Notice-and-Demand-Reassessment-Taxscan.jpg "Six-Day Period to Furnish Reply Instead of Seven as per Income Tax Act: Karnataka HC Quashes Reassessment Notice and Demand [Read Order]")
![Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Unexplained-cash-deposit-Demonetization-Unexplained-income-during-demonetization-taxscan.jpg "Unexplained Cash Deposit during Demonetization: ITAT directs Assessee to Establish Genuineness [Read Order]")
Assessee Entitled to S.10B Income Tax Deduction even before Set-off of Unabsorbed Depreciation and b/f Losses: Madras High Court [Read Order]
In a recent judgment, the Madras High Court ruled that an assessee is entitled to claim the benefit of the Section 10B deduction under the Income Tax Act, 1961, even before the set-off of unabsorbed...
![Assessee Entitled to S.10B Income Tax Deduction even before Set-off of Unabsorbed Depreciation and b/f Losses: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Income-Tax-Income-Tax-Deduction-Unabsorbed-Depreciation-Section-10B-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "Assessee Entitled to S.10B Income Tax Deduction even before Set-off of Unabsorbed Depreciation and b/f Losses: Madras High Court [Read Order]")